China’s leading chip foundry, Semiconductor Manufacturing International Corp (SMIC), reported record-breaking third-quarter revenue, driven by robust domestic demand for “legacy chips.” SMIC’s Q3 revenue reached US$2.17 billion, a 34% increase year-over-year, marking the first time the Shanghai-based company has surpassed US$2 billion in quarterly revenue. Net profit surged by 58.3% to US$148.8 million. SMIC’s continued...
